This may seem a trivial affair, however copper is $3.92 lb. versus zinc at 1.19 a lb. 1982 is the cutoff date, prior to this pennys were 95% copper pennys after this date are 97.5% Zinc or called "clad" plated in copper or layered. So it is plain to see that penny between 1959-1981 have much more value than those minted after that point. Congress made it illegal to melt down both pennies and nickels, this simply because the value of the metal in the coin exceeded the face value. And as history suggests, coins as these quickly become extinct. A copper penny is worth about 1.2 cents and a nickel is worth about 7.5 cents!
If you possess any quarters , dimes, halves or silver dollars 1964 or older they are 90% silver, worth over Twenty times their face value, these quickly got sucked out of circulation when our coinage went to worthless clad some 40 years ago.
So basically it is illegal to melt copper pennys down however it is not illegal to "HOARD" them!
Pennys between 1959-1981 are more valuable than you can buy them at! 1958 and below are called wheaties or wheatbacks and have collectors value beyond that of metals value so are in a different field.
Copper demand in India and China are massive, copper is rising drastically every week/month.
So basically those bothersome handfuls of worthless pennies laying around everywhere should be thrown into a jar, or a 5 gallon bucket!, everytime you recieve change in "copper" you make money. Before long they will pull all our coins out of circulation and replace them with...mmm..aluminum? or some other crap metal. So hoard coinage! If you walk into a bank and buy $100 worth of nickels you are walking out with $140 worth of "nickel". this scenario will not stand for long.-Citizen
http://coins.about.com/od/uscoins/f/copper_to_zinc.htm
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